Yum China may rise to 38.20 - 39.50

Our pivot point stands at 31.1.

Our preference

The upside prevails as long as 31.1 is support.

Alternative scenario

Below 31.1, expect 28.9 and 27.5.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 31.029 and 32.0966).

Supports and resistances

40.9 **

39.5 *

38.2 **

36.8

32.99 (USD-last)

32

31.1 **

28.9 *

27.5 **

Number of asterisks represents the strength of support and resistance levels.